Posts Tagged ‘Limited liability Company’

HOW TO KNOW WHO IS THE CONTROLLING SHAREHOLDER OF A COMPANY?

“Business community often associated a Controlling Shareholders as someone who owns more than 50% of shares in the Company. However, this assumption is not uncontested because there are many other factors that can make someone become a Controlling Shareholder such as specific regulation that regulates the lower amount of shares or the provision of the…

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4 THINGS YOU NEED TO KNOW ABOUT THE GENERAL MEETING OF SHAREHOLDERS

4-THINGS-YOU-NEED-TO-KNOW-ABOUT-THE-GENERAL-MEETING-OF-SHAREHOLDERS

Aside from the Board of Directors and Board of Commissioners, another figure that is very important in the Indonesia Company Law is the General Meeting of Shareholders. Learn more about why they are important, and their special authority in running the Company. When talking about the people who are running a Limited Liability Company (Perseroan…

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LEGAL COMPLETION OF OWNERSHIP TRANSFER OF SHARES

LEGAL-COMPLETION-OF-OWNERSHIP-TRANSFER-OF-SHARES

When transferring ownership of shares issued by a Limited Liability Company (PT), the transaction does not stop when the Sales and Purchase Agreement is signed. Learn more about the completion of transfer of shares, and when does the ownership of shares is deemed to have been transferred to the new shareholder. In transferring the rights…

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CORPORATE CRIMINAL LIABILITY IN INDONESIA

CORPORATE-CRIMINAL-LIABILITY-IN-INDONESIA

Even though corporations are classified as legal subjects in Indonesia, and can be held liable for criminal offenses in several prevailing laws in Indonesia, it is very rare for a corporation to be charged with criminal offense, instead passing the liability to the Director or the member of Board of Directors. With the new Supreme…

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AMENDMENT OF AUTHORIZED CAPITAL FOR LIMITED LIABILITY COMPANY IN INDONESIA

AMENDMENT-OF-AUTHORIZED-CAPITAL-FOR-LIMITED-LIABILITY-COMPANY-IN-INDONESIA

One of the most important thing to prepare when establishing a limited liability company (“PT”) in Indonesia is how much capital the shareholders need to pay up. In its efforts to ease entrepreneurs to start their business, the Indonesian Government enacted a Government Regulation which regulates further regarding the minimum authorized capital for PT. As…

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